BIS Quarterly Review, June 2003

In its June quarterly review, the BIS said that investors had become fed up with low returns on government bonds and moved to higher yielding corporate or emerging market debt, particularly in countries like Brazil and Turkey.

Click the links below to read the report:

Full report

Index

Statistical annex

International banking and financial market developments

Buoyant markets in weak economies

April and May 2003 saw an unusual divergence in market views about global growth prospects. Equity and credit

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